Digital asset manager Grayscale confidentially files for IPO in the US

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Key Takeaways

Grayscale Investments has confidentially filed a draft registration statement for an IPO with the SEC.
The IPO details, including share count and price range, will be determined after regulatory review.

Prominent digital asset manager Grayscale Investments confidentially submitted a draft registration statement for an initial public offering (IPO) in the US in a bid to become a publicly traded company, the company said in a Monday official press release.

The company has not yet determined the number of shares to be registered or the price range for the proposed registration. The IPO is expected to proceed after the SEC completes its review process, subject to market and other conditions.

With this move, Grayscale joins a growing list of top crypto-native companies aiming to go public in the US, including Gemini and Kraken.

The announcement follows Circle’s successful debut on the New York Stock Exchange (NYSE) in early June. Shares of Circle (CRCL) have surged over 500% since its Wall Street debut, according to Yahoo Finance data.